The sales market is currently strong but the Royal Institution of Chartered Surveyors has issued a warning about a slowdown next year when the stamp duty holiday ends.
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Expectations for the year ahead are gloomy, according to the Royal Institute of Chartered Surveyors By Liz Lucking |
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Demand for homes is starting to slow in the U.K.
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Demand for new homes is still growing across the U.K., partly propelled by the chance for a tax break, but the once-frenzied momentum is starting to lose steam, according to a survey of U.K. real estate professionals released Thursday.
Nationally, a net balance the proportion of respondents reporting a rise in prices minus those reporting a fall of 27% of those surveyed cited an increase in new buyer inquiries during November, according to the report from the Royal Institute of Chartered Surveyors (RICS).
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Home / News / BMO UK Property set to reopen as it shifts from offices and retail to industrial property
BMO UK Property set to reopen as it shifts from offices and retail to industrial property
Managers are exposing more than half of portfolio to industrial property and logistics when fund reopens on 14 December
The BMO UK Property fund is set to reopen on Monday after the managers raised the cash level by offloading assets in the office, retail and retail warehousing sectors, while moving into industrial property and logistics.
In a update published on the asset manager’s website, managers Guy Glover and Emma Gulliver said they have been raising liquidity levels through “carefully targeted sales” to ensure suitable cash weighting throughout the reopening.